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Sniperbot Reviews – Is Sniperbot a Scam or a Legit Trading Software?
The cryptocurrencies have given investors worldwide the opportunity to have serious gains by simply trading online. With the emergence of digital currencies, many software developers have quickly jumped on board to provide investors with solutions to trade cryptocurrencies effectively. While some products have really given both new and experienced traders the tools required to profit from cryptocurrencies, others are simply a way to scam people out of their hard-earned cash.
Over the last few years, we have had the opportunity to test a variety of products and today, we will review Sniperbot in depth to understand it.
From the moment you enter the Sniperbot site, you will find a large amount of information on how to trade crypto automatically, 24/7. This bot is based on one’s preferred technical indicators or you even have the choice to sign up to one of the company’s trading signal providers and trade manually.
There is also a section on all the features offered by Sniperbot as well as the choice of exchanges you can connect to in order to trade. They also offer a variety of plans at different costs based on one’s personal trading preferences and requirements.
Let us explore Sniperbot in more detail.
Sniperbot is a trading bot that enables you to trade a variety of cryptos automatically . On the homepage, you can access a Sniper Bot Install Setup Video that does a short review on what Sniperbot is.
We move on now to the Strategy Designer feature that Sniperbot offers. If you are new to the trading of cryptocurrencies, this feature would not be of any value as you would need a broad understanding of indicators and candlestick patterns in order to use the software effectively. When compared to other bots, Sniperbot seems to be tailored for professional traders.
A big difference between Sniperbot and other platforms is that the Sniperbot gives full automated trading by email or AI. These include, for this exchanges: Binance, BitMex and Bittrex.
By signing up with an exchange, you will be required to reveal your API keys to a third party and then you can access their trading platform in order to trade. We wont have withdraw rights! Bot need just trade right. The following Links will show you how to create some accounts at this exchanges:
Make an Account at BitMex
Get API Key and Secret from BitMex
Make an Account at Binance
Get API Key and Secret from Binance
Make an Account at Bittrex
Get API Key and Secret from Bittrex
Get Trading Signals
Okay, so this is where we can really separate a leading software product from those that are in this business to make money. If you choose to option for trading signals with Sniperbot, you will need to select one of their signals plans. Here you can choose between their Free Sniperbot Trial account for 7 days, their Explorer Sniperbot starter plan for $26 per month, the Adventure Sniperbot medium plan for $50 per month and the Hero Sniperbot pro plan for $120 per month, all packages included full suupport. Each account type is tailored to offer a variety of features, such as the number of positions one can open, the maximum crypto coins one can trade, technical analysis and the number of signals you will receive.
Shorting and Longing
One of the features that Sniperbot offers is the ability to short sell or buy trailing orders at cryptocurrencies. This means that even if the price of cryptos rises or falls, you can still trade and profit. You can also create a stop-loss order on your trades, which will then automatically sell the digital coins when the price starts to fall. This protects traders from selling too early and allows one to maximize profits.
One of the features that Sniperbot offers is Mirror Trading. Once you have signed up and joined the Marketplace, you can then mirror or copy a pro trader and open and close trades based on the trader’s strategy. While this mirror trading feature is free to use, you will need to buy the templates, signals or strategies and you can then trade manually. Sniperbot also offers Indicator Cheat Sheets. These are professional grade strategies which have been created from advanced indicators and they are designed and tested by approved traders. These strategies are a collection of technical indicators that a trader has selected and it creates an outline of parameters which will dictate a trader’s buying and selling decisions while using Sniperbot. It is important to note that these cheat sheets do not include the other aspects that may guide the Sniperbots trading, and this includes one’s preferred cryptocurrencies or any additional trading tools. In other words, these indicator cheat sheets are market analysis that gives you insight into the market and the expected future movements.
While this is a beneficial feature, especially for advanced traders who understand what to look out for in market movements, it might be too advanced for new traders.
If you are new to the world of cryptocurrency trading, signing up to a software and paying money for features you do not understand, is simply a waste of money. We recommend taking the time to view the different software and to carefully evaluate the features on offer and how these can boost your trading success.
Is There a Sniperbot Scam or Is It Safe?
The ability to trade in a secure trading environment without worrying about the safety of your funds and the security of your personal information is vital if you are to trade successfully.
Once you have signed up and selected the AI Signals, it can be automated to make trades for you. If you wish, you can also trade manually to trigger SniperBot by email to get full control of your trading activities and check your results. The AI Signals algorithm does all the work for you – it will analyze the markets and will even make the trades for you. This software also offers live data streaming, which gives a trader real-time access to the latest market changes. With this vital information, you can then adjust the trading features to meet the current market conditions. It is easy to fully customize the trading process with AI Signals.
How Do I Join?
Tradingview-Sniperbot or AI-Signals?
While we found Sniperbot to be a little complicated to use and to understand, it is evident that this software and its many features work for some traders. Below we have provided a comparison table of the features we reviewed and how these features worked for us.
Remember, that trading is a personal activity and one needs to choose the right trading tools that will help them achieve their trading goals effectively.
|Sniperbot without AI Signals||Sniperbot included AI Signals|
|Cost||This software offers a variety of plans with the most expensive being $26 per month.||
You simply need to deposit $150 into your account so you can trade with this capital. Cost you find in your bundle that you choose.
|Strategies||You can purchase strategies and templates from Sniperbot, or you can create your own trading strategies. Trigger Sniperbot by Email, to trade with tradingview alerts or trigger him by Telegram.||The signal you select to trade with will provide you with a choice of trading tools and market analysis to enable you to trade effectively.|
|Automated Trading||You can trade automatically using the Sniperbot in combimtion with a trigger Signal.||You can trade automatically using the AI Signals trading software as signal.|
|Customer Support||Customer support is available, if required depands on bundle.||Full Customer support included|
|Trading Platform||You need to register at one of the exchanges before you can trade.||Select one of the preferred AI Signals and start trading.|
It really goes without saying that we live in a world full of scams and there are many products and software services that do not deliver as promised. While Sniperbot offers all the features and tools one would need to trade cryptocurrencies effectively, we feel that this product caters a lot more to new traders. The reason for this is that the templates and strategies that one can buy from Sniperbot doesnt require some understanding of the markets before one can configure their trading template.
As we have said before, the software you choose is a personal choice and while Sniperbot offers an all-inclusive solution, AI Signals is a lot easier for us to use for Sniperbot and to get started in trading cryptocurrencies in the markets in 5 min.